please tell me the answer
M/s ABC & Co., a firm carrying on business, furnishes the following particulars for the P.Y. 2018-19.
Particulars Rs.
Book profits (before setting of unabsorbed depreciation and brought forward business loss) 2,50,000
Unabsorbed depreciation of P.Y.2012-13 1,20,000
Brought forward business loss of P.Y.2017-18 2,00,000
Compute the amount of remuneration allowable under section 40(b) from the book profit.
(a) Rs. 2,25,000
(b) Rs.1,80,000
(c) Rs.1,50,000
(d) Rs.1,17,000 (2 Marks)
CAclubindia
